Nida was operating a scam that involved setting up fake companies in order to create databases that allowed him to find individuals whose private information he would use to embezzle funds.
He opened fake accounts under real names and funneled cash from auto loans and U.S. Treasury checks into those accounts.
He was also accused of opening a fake auto dealership and applying for car loans using stolen identities.
Nida pled guilty in May, and for a time it looked as though he might be able to cop a plea deal and avoid jail time.
Those hopes were dashed at his sentencing hearing held earlier today.
